Deals & M&A
-
Warner Bros. Activist Investor Says Paramount Deal Is ‘Win-Win’ for Shareholders and Hollywood
“We’re thrilled to have shined a light on the need for the WBD Board to pursue a larger, more certain deal with Paramount,” Ancora Holdings says
-
CNN CEO Tells Staff ‘Don’t Jump to Conclusions’ After WBD Deal Pivots to Paramount
Free press groups, meanwhile, sound the alarm on Paramount running both CBS and CNN: “Should be unthinkable”
-
Paramount Snatches Warner Bros. From the Jaws of Netflix | Analysis
Paramount capitalized on rising regulatory pressure on Netflix to slip in with its “superior proposal”
Available to WrapPRO members
Deals & M&A
Available to WrapPRO members
-
Warner Bros. Discovery CEO Says Paramount Deal Will Create ‘Tremendous Value’ for Shareholders
David Zaslav also thanked Netflix’s Ted Sarandos, Greg Peters and Spencer Neumann for being “extraordinary partners” throughout the sale process
-
Paramount’s David Ellison Called to Senate Antitrust Hearing After Netflix Exits WBD Bidding War
The Paramount CEO previously said he’s willing to testify before Congress on the deal
-
Netflix Stock Surges Over 9% After Streamer Bows Out of Warner Bros. Race
Shares of Paramount jumped 5.2% in after-hours trading on Thursday, while WBD fell 1.9%
-
Netflix Bows Out of Warner Bros. Race, Declines to Match Paramount’s Bid
The streamer says a deal is “no longer financially attractive” after Paramount upped its offer to $31 per share
-
Warner Bros. Discovery Board Determines Paramount Skydance’s $31 Per Share Offer Is ‘Superior Proposal’ to Netflix Bid
The streaming giant will have four business days to match David Ellison’s latest offer
-
Senate Sets 2nd Netflix-Warner Bros. Antitrust Hearing
The hearing will examine competition and monopsony concerns around the $83 billion deal
-
Dave Franco Sundance Comedy ‘The Shitheads’ Acquired by IFC
O’Shea Jackson Jr., Mason Thames and Kiernan Shipka co-star in Macon Blair’s latest directorial effort
-
Netflix’s Ted Sarandos to Meet With AG Pam Bondi, White House’s Susie Wiles
The meeting comes as the regulator is reviewing the streamer’s $83 billion bid for Warner Bros. Discovery’s studio and streaming assets
-
Warner Bros. Discovery Tops 131 Million Streaming Subscribers Amid M&A Drama
The media giant, pursued by both Netflix and Paramount, saw fourth-quarter results hurt by pay TV subscriber declines and the loss of NBA rights
Available to WrapPRO members
Business
Available to WrapPRO members
-
Paramount+ Revenue Climbs 17% as Streamer Hits 79 Million Subscribers
But the David Ellison-led media giant posted an overall loss of $573 million in its fourth quarter as the linear TV business continues to decline
Available to WrapPRO members
Business
Available to WrapPRO members
-
Netflix’s Ted Sarandos to Visit Trump White House to Discuss Warner Bros. Bid
The meeting, scheduled for Thursday, comes as the president demands the streamer fire board member Susan Rice or “pay the consequences”
-
11 State Attorneys General Call on Department of Justice to ‘Thoroughly Scrutinize’ Netflix-Warner Bros. Deal
The group warns that the $83 billion acquisition could result in “undue market concentration that stifles competition” and lead to “higher prices, lower reliability and less innovation”